Senior Compensation Analyst

Essential Accountabilities

• Support the design, development, and administration of compensation programs, policies, and practices in alignment with Federal Reserve System guidelines and bank-specific strategies as well as federal regulations and employment laws
• Conduct sophisticated market analyses and benchmarking studies to ensure competitive positioning for various job families and levels
• Serve as a compensation subject matter expert and advisor to HR Business Partners and business leaders. Provide guidance on complex compensation decisions, including offers, promotions, adjustments, and organizational changes
• Support internal and external audits related to compensation practices
• Maintain documentation of compensation decisions and program rationale
• Continually seeks new and innovative methods and process improvement solutions

Education And Experience

• Bachelor’s degree and 5+ years of related work experience within Compensation, Data Analysis or Finance required
• Certified Compensation Professional (CCP) preferred

Knowledge Areas – Advanced Level

• Ability to perform independent research
• Knowledge of compensation principles, theories, practices, and methodologies
• Thorough understanding of federal compensation regulations
• Understanding of compensation survey methodologies
• Project management

Skill Areas – Advanced Level

• Analytical capabilities to conduct compensation and job analyses
• Problem solving
• Communication (written, verbal and speaking to groups)

Pay

The expected starting salary range for the Senior Compensation Analyst is between $90,500 and $113,100 annually. Final salary and offer will be determined by the applicant’s background, experience, skills, internal equity, and market data.

Benefits

The Cleveland Fed offers benefits to support overall health and financial security. Learn more about our benefits here: https://www.clevelandfed.org/careers

Physical Demands and General Working Conditions

This is not necessarily an exhaustive list of all responsibilities, duties, standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, the Federal Reserve Bank of Cleveland reserves the right to revise this or any job description at any time.

Bank’s Ethics Rules and Drug Testing

As a condition of employment, Federal Reserve Bank of Cleveland employees must comply with the Bank’s ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning or controlling, directly or indirectly, any debt or equity interest in a depository institution or an affiliate of a depository institution. A "depository institution" means a bank, a trust company, or any institution that accepts deposits, including a bank chartered under the laws of a foreign country. In addition, employees (and their spouses/domestic partners, and minor children) may not own shares of mutual funds, unit investment trusts or ETFs that have a policy, as stated in the prospectus, of concentrating in the financial services industry and that have underlying investments in banks or other depository institutions. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting.

Reasonable Accommodation Statement

The Federal Reserve Bank of Cleveland is committed to ensuring that individuals with disabilities are provided with reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. To request a reasonable accommodation for any part of the employment process, please send an email to clev.4d.benefits.specialist@clev.frb.org.

Family Group Work Shift

First (United States of America)

Job Category

Human Resources

Full Time / Part Time

Full time

Regular / Temporary

Regular

Exempt (Yes / No)

Yes

Job Exempt (Yes / No)

Yes